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$7.68 -0.1  -1.5%

Last Trade - 12:15pm

Sector
Telecoms
Size
Large Cap
Market Cap £2.70bn
Enterprise Value £10.24bn
Revenue £7.34bn
Position in Universe 271st / 1783

BRIEF-Russia's MTS buys controlling stake in blockchain trade finance platform

Tue 27th July, 2021 8:00am
July 27 (Reuters) - Russia's largest mobile operator MTS
 MTSS.MM   MBT.N  says:  
    * It has acquired a 51% stake in blockchain trade finance
platform
Factorin for 867 million roubles ($11.75 million), including a
350 million cash-in investment to support the startup's
development; 
    * The acquisition is aimed at expanding MTS Group's
portfolio of
digital financial services for B2B clients;
    * The deal has received all necessary corporate approvals.

 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL6tt29y
 Further company coverage:  MTSS.MM 
 ($1 = 73.7900 roubles)

 (Reporting by Moscow newsroom)
 ((Moscow.newsroom@thomsonreuters.com))
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